633 W Route 66 - Apartments FOR SALE


Glendora, CA 91740
$22,500,000 USD
949-302-1400
633 W Route 66, Glendora, CA for Sale
$22,500,000 USD
Apartments - FOR SALE
1/14
null | 4.75% Cap Rate

633 W Route 66
Glendora, CA 91740


HIGHLIGHTS

  • 2006 Construction
  • In-Unit Stacked Washer Dryer
  • Granite Countertops
  • Stainless Steel Appliances
  • Immediate rental upside without cost of renovation moving forward
  • ADU Potential

OVERVIEW

Glendora Park Place is a rarely available 2006 constructed apartment building, located in Glendora, one of the nicest submarkets in the East San Gabriel Valley. The property features 50 spacious apartment homes and 3 retail spaces spread across approximately 69,266 SQFT of land. This community offers a balanced unit mix of 1- and 2-bedroom floorplans, designed to meet a variety of lifestyle needs of current and future residents. The property includes (36) one-bedroom, one bath units and (14) two-bedroom, 2 bath units. Glendora Park Place benefits from immediate rental upside potential, with current in-place rents positioned below market levels—allowing for increased income through strategic rent adjustments. The property interiors feature gourmet kitchens with granite countertops, hardwood style flooring, in-unit washer and dryers, private patios and balconies, resident clubhouse and elevator access. A buyer will benefit from the ability to raise rents without renovation cost moving forward. Additionally, there are interior carports and common area lawn areas that may be optimum locations for ADU conversions.

FOR SALE DETAILS

PRICE

$22,500,000 USD

PRICE/SF

$314 USD /SF

# OF UNITS

53

PRICE/UNIT

$424,528

CAP RATE

4.75%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Glendora Park Place Apartment Homes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2006

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.59 AC

LAND SF

69,266 SF

ZONING

LCC2*

APN/PARCEL ID

8634-018-024

ASK ABOUT THIS PROPERTY

Peter HauserNorthmarqMore Info
949-302-1400

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Peter HauserNorthmarqMore Info
949-302-1400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.